Use the Fix & Flip calculator and see where you need to be in terms of a max price to pay and if that number is not acceptable to the seller, find the next deal. 

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Thank you for that amazing calculation and all the time you took to do that!

I recommend using a model that will show a % change annually for your rent income, expenses, ect calculating your NOI & potential sales price each year with growth

With regards to value after renovations..If you're performing rehab work, include this cost with the purchase price in your initial cap rate calculation.If your increasing the NOI after purchase, update this number once complete.To calculate your post value, you need to know the local market cap rate.

I would propose a better way of evaluating real estate and that is to take the difference between the CAP rate and prevailing interest rate and use that to evaluate whether something is a deal or not.D = CAP - %APRThis would allow you to calculate the spread which is directly related to your debt assisted profitability (like a cash on cash return).You can vary what “D” you will accept based on the normal factors you would consider when thinking of the CAP rate (location, building type, number of units, financing, deferred maintenance, etc).You could also rearrange the equation to calculate the CAP to search for opportunities and how to offer for property:CAP = D + %APRIn this case, you can actually figure out the CAP by knowing the “D” you want to get for a given location, building type, etc and understanding the financing available to you and other investors for the opportunity.Any reason this is an inferior approach to CAP rate or cash on cash return?

I currently pay $977/mth: $645.05 for principal and ESCROW is $331.57 (taxes and insurance/no PMI).Using the Bankrate calculator, a new loan at $275k and 3.1% would be $1,165/mth (approximates, of course):$918 principal and interest$66 Insurance$181 property taxAnything that I'm missing or should be considering here? 

.), feel free to use them: https://www.biggerpockets.com/investment-calculators 7.

The rest would be financed.Based on my calculations...IRR of 48% per year; 15yr holding period.Now since I am the source for this deal and will take all the steps from negotiating purchase price etc; bidding to lease the space, negotiate terms of the lease, oversee the tenant improvements etc.So the main thing the partner is contributing is the capital for down payment.Whats a reasonable partnership split for such a deal?

I have been running numbers on several investment properties and found it challenging to estimate repairs and cap ex.I’m curious how everyone calculates these.